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ICIS: Asian petrochemical markets in a bear market

 Last Update: 2022-09-30
 Source: Internet
 Author: User

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Recently, ICIS released a report showing that the Asian petrochemical market is in trouble as the risk of economic recession continues to increase, and the bearish sentiment on petrochemical product prices has spread across the board

The Asian ethylene glycol market fell sharply this week to its lowest level since late 2020, amid a slump in crude oil prices and weak downstream demand

Sentiment among Asian petrochemical buyers has been dampened by a number of factors, including higher import costs due to the depreciation of the Korean won and the Thai baht against the U.

Asia's dichloromethane market will face oversupply as India's booming new capacity could soon make the country an exporter

The Asian ethylene-propylene-diene rubber (EPDM) spot market is likely to remain bearish as demand has yet to pick up

Producers of recycled polyethylene terephthalate (R-PET) in the Asian market have started discussing cargoes for July delivery amid weak market demand, as end-user demand in various countries is dampened by inflation

The ethanolamine market in East and South Asia will continue its downward trend as demand remains low

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